Asset Finance Loans

Preparing students for success in an ever changing world. 
Making your child’s world a better place.
Purpose

We provide loans to educational institutions for creation/improvement of their infrastructure/ assets. This includes:

  1. Construction of additional classrooms
  2. Sanitation (for example, separate toilet block for girls)
  3. Repair/Renovation/Improvement/Painting
  4. Teacher training and refresher courses
  5. Benches, tables, chairs, other furniture
  6. Laboratory, Laboratory Equipment
  7. Library and Library books
  8. Computers, printers, other related hardware
  9. Tablets, Smart class equipment and other modern learning aids
  10. Purchase of a playground, play equipment, Basketball court
  11. Purchase of a new or used school vehicles
For Whom?
  • School, Vocational institutes, Polytechnics and select Colleges
Features
  1. Easy-to-understand process and products
  2. Easy EMI repayment plans
  3. Customers are eligible for Loan amounts based on eligibility and norms

Loans between Rs 1- 15 lakhs can be available as unsecured based on eligibility and norms

Loans upto Rs 250 lakhs can be available as secured based on eligibility and norms

Eligibility
  • Good repayment track record for existing loans
  • Proven ability to pay EMIs on time
  • Adherence to KYC and other regulatory requirements
  • Additionally, for secured loan, suitable collateral need to be provided
Tenure

Loan tenures can range from 6-48 months for unsecured loans and upto 84 months for secured loans

Documentation

Easy and minimal post sanction, documentation process:

  • KYC and regulatory documents
  • Loan agreements + Promissory note + Security PDCs
  • Loan repayment related documents (ACH, PDCs)
  • Collateral related documents (if applicable)
Shiksha’s Benefits to Customers
  • Faster processing
  • Personalised products
  • Simpler documentation
  • Unique credit methodology
Are you are an educator?

Do you need finance for improving the quality of education? Contact us now!